With a team led by Dr. Sönke Görgens and Dr. Michael Dröge, both from the law firm’s Hamburg office, Heuking Kühn Lüer Wojtek provided comprehensive legal and tax law advice to issuing company WealthCap on the acquisition of the "SILVA" office property in Frankfurt am Main. The advice included the structuring of the transaction, the performing of due diligence and the negotiation of the land purchase contract with the seller, Commerz Real’s CFB Fund 142. The purchase price is EUR 86 million.
Located in the Sachsenhausen district, the "SILVA" office building is comprised of a total area of some 27,500 square meters of office space and some 3,300 square meters of warehouse space. Anchor tenant is the renowned advertising agency Ogilvy & Mather GmbH, which leases some 19,400 square meters for a period of ten years. Another tenant, Twentieth Century Fox of Germany GmbH, recently extended its lease until mid-2021 and expanded its rental space to 2,750 square meters.
Counsel to WealthCap
Heuking Kühn Lüer Wojtek:
Dr. Sönke Görgens (Real Estate/Public Construction, Hamburg, Lead),
Dr. Michael Dröge (Corporate, Real Estate Hamburg, Lead),
Gilbert Toepffer (Private Construction/Architects’ Law, Chemnitz),
Fabian Gerstner, LL.M. (Public Construction, Munich),
Dr. Stefan Bretthauer (Antitrust),
Dr. Kai Erhardt (Finance),
Fabian G. Gaffron (Tax),
Dr. Hans Henning Hoff (Corporate/Real Estate),
Dr. Christina Etzel (all Hamburg),
Dr. Annette Bruder (Tenancy Law, Munich),
Dr. Susanne Stauder (Compliance, Düsseldorf),
Dr. Marie-Christin Englmann, LL.M. (Frankfurt)